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I retreated to mainly cash in February but am a bit more optimistic as well with economic news. I sold out at 630 and might be tempted back in if the SP drops below 550 again.
FWIW, I have bought another small tranche last month and again this. There is the niggling worry from comments made by the Fed for a recession in US, but with the early indications that inflation is starting to come down, it might provide sufficient incentive for maybe just one more interest rate rise in US, UK and possibly 2 more rises in Europe. My suspicion is that although investors are jittery, the worst is probably behind us now and 2023 marks a good time to pay greater heed to smaller companies rather than the behemoths that have provided some shelter in very turbulent waters.
way too high. 11% off sept lows when FTMC only up 4%.
I've topped up today at 533p. Will keep on adding if it drops further.
Really like this IT, it will fly when sentiment starts to turn.
Topped up today at 543, gets my average under 600 which I’m quite happy about.
Not sure you are familiar with the long term benefit that share buy backs have.
These are either held in treasury by a company to form part of incentive for employees, can be resold in part or full to institutional investors or market makers at a premium to purchase price or be cancelled to adjust the market capitalisation.
In case you had not noticed, RNS have for THRG dried up on this site despite drawing it to the attention of LSE. More information is found on the London Stock Exchange website.
FWIW, I’d sooner the trust were buying its own shares in a falling market to reduce the effect of leverage. Bull markets last far longer than bear ones.
Been watching this just cannot believe they are geared to the hilt and buying back shares while the market has been going down and down. This increase the rate of loss. Tragic consistency in doubling down losses.
Know how you feel, RENX,BMK, TPL - duh!! Nothing sold but bought £10k today at 555p, its been relentless but time to consider IT rather than individual shares. As mentioned value will out eventually. GLA
The other side of the coin is that they are a bit stuck in illiquid stock. As in common with many trusts. The nav gap has widened significantly, currently around £6.75ish. Like the top ten holdings, so definitely value appearing now.
I’m fed up with the stress of owning lots of small shares, and sold out last week rather than trying to outsmart the markets. I’ve sat on the cash waiting for nice entry points but have decided trusts are a less stressful way to invest. I’ve bought in today at 640, a bit of a blind buy but I’m hoping for good news from Ukraine’s and a nice bounce from THRG. It does look beaten down so fingers crossed
With the NAV in a tight range, ability for the managers to issue new shares at a substantial premium and an increased dividend return, it remains attractive as a growth stock.
Nick-Bris, NASDAQ has been heavily sold off and is in correction territory, Ukraine concerns with troops at border and the impact that distruption to energy in Germany. FWIW, I have taken the opportunity to add shares in THRG and IGC this morning to elder sons ISA. THRG is an extremely well managed trust that has considerable exposure to some hammered NASDAQ holdings that will in time recover. IGC has the potential for consumer led recovery to enjoy the trappings from consumerism that have fuelled markets in the West for a decade or so.
To finance these, his holding in AXI was sold. AXI is very much a slow burner that provides stability in a falling market and useful qtrly dividends in all markets. Its SP was largely unaffected in Jan sell off.
Not investment advice, of course.
LTH for me. I know the markets are jittery, but anyone know why the 6% drop this morning?
Since I seem to be the only contributor to this board, with a new year ahead, it seems a good time to cease.
Good health and fortune to all.
Have aded a few more shares today on current weakness.
Time will determine the folly or wisdom in my decision.
Here we are, roughly 6 months further on and the SP remains in its northbound trendline. Sure, there was a big dip in September, but the SP should recover and test new highs. After all a tenner a share is quite a big psychological barrier for those of us holding from almost 10 years ago.
I would prefer to add once 1000 has been broken and held for a few weeks.
Looks as if my buy order went through today. I prefer averaging up and have no reason to doubt that momentum will advance the share price further.
What is especially nice is that the BoD are issuing shares at a premium to the share price (and the underlying NAV) to satisfy demand for shares in this investment trust. It is not surprising, because aside from a top notch team, their decisions have helped to make investors very rich indeed.
My shares in THRG were purchased in 2012 and I have added to my holding as circumstances permitted. Since then, the chart plots the rising share price. Apart from the wobble consequential when markets collapsed in Feb 2020 for 4 horrid weeks, the shares have not only recovered but the rate of recovery has increased at a faster rate.
Received information published by most authoritative and substantial financial news outlets (Reuters, CNBC etc) have the mantra that companies on the the UK market have the potential for better growth than other markets (Brexit over, vaccine roll out, stable and majority government etc) and smaller companies in the FTSE -350 tend to be able to grow faster then those in the FTSE. And, of course, that is exactly the choice of company that forms the bulk of the portfolio for THRG.
I am sure that the SP is going to continue to rise at the current rate for at least the next 6 months. Whether this growth will continue into next year is a mater of speculation. I suggest it rather depends on the rest of the world getting to grips with the pandemic and the mutations that are expected to evolve. For the virus to remain viable, it needs to continue to infect. Vaccination will prevent deaths and allow our lives to return to normal
?
er…………………….
Any reason for the drop?
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